By: Mansoor Ansari
When you are buying and/or selling gas in Illinois, it is very unclear where your money is going. This blog is not written for the mere purpose of smearing the state of IL. I try my best to educate my clients on their audit, their obligations as a vendor of gasoline, as well as to deter future owners of buying a gas station in Illinois and the Chicagoland area.
Breakdown of Hidden Gas Costs in Illinois
Example: Purchasing 15 Gallons of Gas
- Gallons: 15
- Price per Gallon: $2.41
Taxes Included in the Cost
- Federal Motor Fuel Excise Tax: $0.18
- Illinois Environmental Tax: $0.01
- Illinois State Sales Tax: $0.11
- Illinois Excise Tax: $0.19
- Cook County and City Excise Tax: $0.11
- County Home Rule Sales Tax: $0.01
- Home Rule Rule Sales Tax: $0.02
- Regional Transportation Sales Tax: $0.02
Final Breakdown
Raw Price of Gas: $1.75
Total (Gas + Tax): $26.18
Tax Bill Per Gallon: $0.66
Total Tax: $9.97
Need Help with Your Audit?
Call our office to discuss your Illinois Gasoline and Fuel Sales Excise Tax audit.